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Blog Category: Trade mission

Pushing for Progress in the Middle East and North Africa

(Photo: ©  WEF)

Guest blog post by Francisco J. Sánchez, Under Secretary of Commerce for International Trade Secretary, Department of Commerce

Recent events have reaffirmed just how extraordinary this period is for the Middle East and North Africa (MENA).  The Arab Spring has generated a lot of hope for people across the region. However, it’s also presented a number of questions that need to be answered, many of which center around economic issues like unemployment and slow growth. 

As the World Economic Forum (WEF) put it, “Recent shifts in the Arab world, coupled with an economic contraction at the global level, have created renewed urgency for decision-makers across the region to address the unfolding economic situation.”

So, it’s fitting that, this past weekend, King Abdullah of Jordan hosted a WEF event to address job creation. World leaders gathered to discuss pressing issues including the advancement of youth and women, the impact of social media, and, of course, U.S.-Arab relations.

Our Biotech Trade Mission in China: Developing Prosperous Partnerships

Sánchez, officials at DiaCarta signing ceremony

Guest blog post by Francisco Sánchez, Under Secretary for International Trade, International Trade Administration

“A journey of a thousand miles begins with one single step.”

That’s a proverb I learned during my recent trip to China, where I led a delegation of 19 U.S. biotech companies on a trade mission. Today marked the end of our journey. But, I’m confident that the steps we took will help these firms generate new opportunities in the region.     

As I get ready to depart, I’m struck by the huge possibilities in the country. China’s biotech sector is growing roughly 25 percent a year. Its market is huge in terms of sales and clinical trial opportunities, as well as potential investment. And, China’s enormous consumer base and impressive economic growth further reinforce the importance of the market for U.S. firms.

U.S. Aerospace Supplier and Investment Mission to Canada Generates $1.34 Billion in Commercial Deals

Image of NOAA plane

Guest blog post by Suresh Kumar, Assistant Secretary of Commerce for Trade Promotion and Director General of the U.S. and Foreign Commercial Service

When people think of Canada they often think of hockey, moose, and cold weather, not aircraft.  In fact, Canada's aerospace industry is the fifth largest in the world ($22.2 billion in revenues in 2009) and the United States is Canada's largest supplier of aircraft parts and components.  Bombardier Aerospace, a Canadian manufacturer of commercial aircraft and business jets, has grown to be one of the top four aircraft manufacturers in the world, behind Boeing, Airbus, and Brazil’s Embraer.  Canada’s geographic proximity, open market economy and stable business climate make it an attractive market for U.S. aerospace companies.

To help U.S. companies take advantage of these export opportunities, I’m in Canada leading 21 companies on a three-day U.S. Aerospace Supplier and Investment Mission.  On the mission, we announced commercial signings worth $1.34 billion in U.S. contracts with Canadian aerospace firms, a figure representing over $800 million in U.S. export content.  

These newly signed commercial deals are a crucial part of our effort to strengthen the economy and will make an important contribution to manufacturing and job growth across the United States.

Next stop: Bangalore to Inaugurate the U.S. Pavilion at Aero India and Visit Hindustan Aeronautics Ltd’s Facilities

Locke and And Ambassador Roemer in HAL helicopter

Today Secretary Locke flew to Bangalore for the second stop of his high-technology business development trade mission to India.

Locke’s first stop on his visit was Hindustan Aeronautics Ltd.’s (HAL) facilities. HAL is one of Asia’s largest aerospace companies, employing approximately 34,000 people with roughly $2 billion in annual revenue. The company has partnered with leading U.S. aerospace manufacturers – Boeing, Honeywell, and Lockheed Martin – on several projects. The U.S export content value for HAL is $40 to $50 million dollars annually with hundreds of millions in future export opportunities.

High-Technology Trade Mission To India with Secretary Locke and 24 U.S. Companies Kicks Off

Today, Secretary Locke kicked off a high-technology trade mission in New Delhi to promote exports of leading U.S. technologies and services related to civil nuclear energy, civil aviation, defense and homeland security, and information and communications technology. The mission will continue through February 11, and also make stops in Bangalore and Mumbai. 

His first stop was at a neighborhood grocery store in New Delhi that is using technology developed by a U.S. company to market its products, manage its customers and organize its business operations.  Intuit, based in Mountain View, Calif., created “GoConnect,” a new innovative mobile and web-based marketing service that is helping Indian micro and small businesses grow and improve the way they communicate with their customers. Intuit’s new application was first announced during the President Obama’s visit to India.

"Intuit's GoConnect technology is a prime example of the kind of mutually beneficial trade that creates jobs in both countries, creating opportunities from the Intuit offices in Northern California to a neighborhood grocery store in the streets of New Delhi," said Secretary Locke. "We look forward to finding more commercial opportunities like these during this trade mission."

GoConnect was developed in both India and the U.S. The data is hosted in Intuit's data center in Quincy, Washington. 

Secretary Locke Arrives in India for High-Tech Trade Mission

Secretary Locke and Montek Singh Ahluwalia

Earlier today, Secretary Locke landed in India at the start of a high-tech trade mission. He wrote an opinion editorial for The Times of India explaining the importance of trade to the economic growth of India and the United States.

When President Barack Obama spoke before the Indian Parliament last November, he said: "The relationship between the United States and India - bound by our shared interests and values - will be one of the defining partnerships of the 21st century."

During the president's visit, there was action backing up those words, including $10 billion in job-creating deals between American and Indian businesses and the Indian government; President Obama expressing support for India gaining a permanent seat on the UN Security Council; and an announcement of significant reforms to US export control policies - opening the door for increased high-technology trade and cooperation between India and the US.

This week, I am travelling to New Delhi, Mumbai and Bangalore to help 24 US companies walk through that door. These companies - more than half of which are small- and medium-sized businesses - are leaders in the civil nuclear, defence and security, civil aviation, and information and communications technology sectors. They are eager to find Indian business partners and to help India continue its remarkable transformation.

Read the rest of "Opening the Door to India" and find out more about the high-tech trade mission.

Secretary Locke Meets with Indian Ambassador to the U.S. Meera Shankar

Photo of Locke and Shankar

U.S. Commerce Secretary Gary Locke met today with India’s Ambassador to the United States, Meera Shankar, to discuss bilateral trade and investment issues.

The meeting took place as Secretary Locke prepares to lead a high technology business development trade mission to India on February 6-11. Over 70 companies applied to participate in the upcoming mission, which will make stops in New Delhi, Mumbai, and Bangalore, in order to promote U.S. exports of high technology products and services in key economic sectors: civil-nuclear trade, defense and security, civil aviation, and information and communications technology.

Commerce Department’s Clean Technology Trade & Investment Mission Moves to Brussels, Belgium

U.S. Deputy Assistant Secretary of Commerce for Economic Development Brian McGowan (right) meets with U.S. Ambassador to Belgium, Howard Gutman at the Ambassador’s residence during the U.S. Cleantech Trade and Investment Mission to Belgium.U.S. community and business delegates participating in the joint U.S. Economic Development Administration (EDA)/International Trade Administration (ITA) Clean Technology Trade & Investment Mission moved on to Brussels, Belgium on Thursday after spending three very productive days exploring opportunities to increase exports and attract foreign direct investment in the United States while in Lyon, France at Pollutec, a tradeshow that featured the world's leading international exhibit for the environment and sustainable development markets. 

Upon arriving in Brussels, the delegation participated in a reception hosted by U.S. Ambassador to Belgium, Howard Gutman at the Ambassador’s residence.  The event, hosted by the American Chamber of Commerce Brussels (AmCham) and Xerox gave the delegates an opportunity to make important international connections with companies involved in the clean technology sector.

Ambassador Gutman; AmCham President Scot Beardsley; EDA Deputy Assistant Secretary of Commerce for Economic Development Brian McGowan; and Xerox Director of Global Services Phillipe Janssens addressed the delegation during the function.

Commerce Department’s Clean Technology Trade & Investment Mission Kicks off in France

Community and Business Delegates of the EDA/ITA Clean Technology Trade and Investment Mission in Lyon, France, with U.S. Ambassador to France Charles Rivkin, Assistant Secretary of Commerce for Economic Development John Fernandez, and Deputy Assistant Secretary of Commerce for Economic Development Brian McGowan.The U.S. Commerce Department’s Economic Development Administration (EDA) and International Trade Administration’s (ITA) Commercial Service kicked off its Clean Technology Trade & Investment Mission in Lyon, France, on Monday at Pollutec, a tradeshow that features the world's leading international exhibit for the environment and sustainable development markets. 

The Clean Technology Trade & Investment Mission brings together a mix of U.S. community delegates and businesses to explore overseas opportunities to increase U.S. exports and attract foreign direct investment to the United States, with a focus on advancing the green economy and creating jobs at home. The week-long trip will conclude in Brussels, Belgium, where the delegation will attend a U.S. Embassy reception, NATO cleantech roundtable, and other networking opportunities.

The mission supports President Obama’s National Export Initiative, which aims to help U.S. firms sell their goods and services abroad with a goal of doubling U.S. exports over the next five years in support of several million American jobs.

Click here to read the press release.